Improving SBA Engagement on Employee Ownership Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5778 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 5778

  To direct the Administrator of the Small Business Administration to 
  improve outreach and education on employee ownership, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 17, 2025

Mrs. McIver (for herself, Mr. Bresnahan, and Ms. Velazquez) introduced 
   the following bill; which was referred to the Committee on Small 
                                Business

_______________________________________________________________________

                                 A BILL


 
  To direct the Administrator of the Small Business Administration to 
  improve outreach and education on employee ownership, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Improving SBA Engagement on Employee 
Ownership Act''.

SEC. 2. COOPERATIVE WORKING GROUP PARTICIPATION.

    Section 7(a)(35) of the Small Business Act (15 U.S.C. 636(35)) is 
amended by adding at the end the following new subparagraph:
                    ``(C) Working groups and other engagements.--The 
                Administrator (or a designee thereof) shall attend any 
                working groups, meetings, fora, and any other 
                engagements on cooperatives or employee ownership of 
                business concerns that are hosted by any other Federal 
                agency or office--
                            ``(i) to which the Administrator (or 
                        designee thereof) is invited; or
                            ``(ii) with which the Administrator (or a 
                        designee thereof) has had a previous engagement 
                        or relationship.''.

SEC. 3. AMENDMENT TO SMALL BUSINESS INVESTMENT COMPANY PROGRAM 
              OUTREACH.

    Section 862(c) of the John S. McCain National Defense Authorization 
Act for Fiscal Year 2019 (Public Law 115-232; 15 U.S.C. 648 note) is 
amended by inserting ``, and to the investors and limited partners of 
such companies,'' before ``to increase''.

SEC. 4. OUTREACH AND ASSISTANCE.

    Not later than 180 days after the date of the enactment of this 
Act, the Administrator of the Small Business Administration shall carry 
out the requirements of section 862(e) of the John S. McCain National 
Defense Authorization Act for Fiscal Year 2019 (Public Law 115-232; 15 
U.S.C. 648 note) through the Small Business Employee Ownership and 
Cooperatives Promotion Program of the Administration.
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